195 Jackson StDenver, CO 80206

This exceptional 20-unit apartment building, located in Denver's prestigious Cherry Creek North neighborhood, presents a compelling investment opportunity. The property boasts 13,850 square feet on a 12,500 square foot lot and features a mix of 7 one-bedroom/one-bathroom and 13 two-bedroom/one-bathroom units, with 12 covered parking stalls. Significant recent improvements include a new roof (2015), updated electrical systems, a newer boiler, and the replacement of six evaporative coolers (2015). Thirteen units have undergone renovations. The building's strong financial performance is reflected in a current NOI of $314,576 and a pro-forma NOI of $379,142, translating to a current cap rate of 4.84% and a pro-forma cap rate of 5.83%. The asking price is $6,500,000, or $325,000 per unit. Built in 1947, the property is zoned G-RH-3 and benefits from its location in a high-demand area with an average household income of approximately $135,000 and a median home price exceeding $1.2 million. The inclusion of a dog wash further enhances the property's appeal. This asset represents a rare opportunity to acquire affordable housing in one of Denver's most desirable and affluent neighborhoods. The property's strong occupancy rates, combined with the potential for further value appreciation, make it an attractive investment for discerning buyers.